LemFi's Plan to Bridge the Divide and Serve as Fintech to the Global South Diaspora

Quick Summary:

The African tech ecosystem, buffeted by huge potential but also lots of economic, political and social instabilities, is no stranger to major drama befalling even its most promising-looking startups.

But recently, LemFi, the Nigeria-based fintech that provides money transfer services to African migrants, is shaping up as an example of a bounce-back—and growth story.

LemFi will rely on its regional hires and local expertise to attract users as it enters the Asian diaspora market, competing against established players like Zepz, Wise, Remitly, and Sendwave.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Tage Kene-Okafor

Category: Technology

Markets: United StatesBelgiumBeninCameroonCanadaChinaFranceGhanaIndiaItalyIvory CoastKenyaNetherlandsNigerNigeriaPakistanRwandaSenegalSpainUganda

Topics: Africa Lemfi Fintech

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-17 @ 11:27:45 (1 weeks ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 1167 words

Reading Time: 7 minutes read

Sentences: 38 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 20713083

View Article Analysis

About TechCrunch

Main Topics: Technology

Official Website: techcrunch.com

Update Frequency: 11 posts per day

Year Established: 2005

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #20

Publisher Details

Frequently Asked Questions